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From: rdc@pyuxh.UUCP (J. L. Bauer)
Newsgroups: net.taxes
Subject: SS deduction
Message-ID: <121@pyuxh.UUCP>
Date: Mon, 15-Apr-85 10:01:42 EST
Article-I.D.: pyuxh.121
Posted: Mon Apr 15 10:01:42 1985
Date-Received: Sun, 21-Apr-85 01:51:32 EST
Organization: Bell Communications Research, Piscataway, NJ
Lines: 27




   Well, its April the 15th and we have all fulfilled our social obligations
   by paying our taxes. I am left with the feeling that I have been reamed
   where the sun never shines by the big bad IRS without the benifit of
   vaseline. It came in dry folks. To prevent further violation of my
   pocket, I was thinking of deducting my Social Security taxes next year.
   This being that Social Security taxes do not qualify as income. Income
   is money that I can spend NOW. Also your contribution to SS is taxed twice,
   the first time as ordinary income, the second time when you collect it, if
   you live long egnough.

 Another point, If the IRS allows you to deduct for an IRA why not say that
   your SS is an IRA, albeit an enforced one and allow the same writeoff ?

   I know, the poor retirees need more money on their fixed income and it
   has to come from somewhere, so why not us. My opinion on this is most sour.

   I am not my brothers keeper and these people have had their whole lives
   to prepare for retirement and if they come up short at retirement time
   they have only themselves to blame. 

   Does anybody know if the IRS has been challenged on this and what are the
   odds that I will incur the wrath of the IRS if I pull such a stunt next
   year ?